Macro-Prudential Policies to Mitigate Financial System Vulnerabilities - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macro-Prudential Policies to Mitigate Financial System Vulnerabilities write by Mr.Stijn Claessens. This book was released on 2014-08-19. Macro-Prudential Policies to Mitigate Financial System Vulnerabilities available in PDF, EPUB and Kindle. Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets of some 2,800 banks in 48 countries over 2000–2010 respond to specific macro-prudential policies. Controlling for endogeneity, we find that measures aimed at borrowers––caps on debt-to-income and loan-to-value ratios––and at financial institutions––limits on credit growth and foreign currency lending––are effective in reducing asset growth. Countercyclical buffers are little effective through the cycle, and some measures are even counterproductive during downswings, serving to aggravate declines, consistent with the ex-ante nature of macro-prudential tools.
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dealing with the Challenges of Macro Financial Linkages in Emerging Markets write by Otaviano Canuto. This book was released on 2013-10-29. Dealing with the Challenges of Macro Financial Linkages in Emerging Markets available in PDF, EPUB and Kindle. This book deals with the challenges of macro financial linkages in the emerging markets.
Macroprudential Policy - An Organizing Framework - Background Paper
Macroprudential Policy - An Organizing Framework - Background Paper - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroprudential Policy - An Organizing Framework - Background Paper write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2011-03-14. Macroprudential Policy - An Organizing Framework - Background Paper available in PDF, EPUB and Kindle. MCM conducted a survey in December 2010 to take stock of international experiences with financial stability and the evolving macroprudential policy framework. The survey was designed to seek information in three broad areas: the institutional setup for macroprudential policy, the analytical approach to systemic risk monitoring, and the macroprudential policy toolkit. The survey was sent to 63 countries and the European Central Bank (ECB), including all countries in the G-20 and those subject to mandatory Financial Sector Assessment Programs (FSAPs). The target list is designed to cover a broad range of jurisdictions in all regions, but more weight is given to economies that are systemically important (see Annex for details). The response rate is 80 percent. This note provides a summary of the survey’s main findings.
Staff Guidance Note on Macroprudential Policy
Staff Guidance Note on Macroprudential Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Staff Guidance Note on Macroprudential Policy write by International Monetary Fund. This book was released on 2014-06-11. Staff Guidance Note on Macroprudential Policy available in PDF, EPUB and Kindle. This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries
Externalities and Macroprudential Policy
Externalities and Macroprudential Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Externalities and Macroprudential Policy write by Mr.Gianni De Nicolo. This book was released on 2012-06-07. Externalities and Macroprudential Policy available in PDF, EPUB and Kindle. This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by providing a taxonomy of macroprudential policies in terms of the specific negative externalities in the financial system that these policies are meant to address, and discusses their interrelations and some key implementation issues.
